Holding costs when paying all cash? Other concerns?

[JM Edward]

For experienced investors, using leverage -- borrowing at a lower rate than what you are earning on that money through your real estate flips and BRRRRs seems like a good way to magnify your returns.

For someone new to the game, does it make sense to execute one's first project all-cash? The idea is that you give yourself more time to learn the process, make mistakes and avoid stress. You still have holding costs such as property taxes, insurance and utility bills (what else?), but I'm not thinking greedy on my first project. It could take a whole year and as long as it can return better than 10% that would be a winner to me (ignores the value of my time and stress).

Market swings are a concern for longer holds too. What other factors are there in this regard? Is it sensible or is there a big gotcha I'm missing?

Thank you!

[Joe Villeneuve]

The more cash you spend, the more the property costs you.  Also, I would have more stress, and more risk, buying all cash than using leverage.  When you buy all cash, that means you are putting all of your money at risk.  When you you use leverage, you are using the lenders money, and they are putting their money at risk.  Why do you think they demand that you put at least 10% of your money in the deal?  the lender doesn't want to take all the risk.